Tag Archives: hit

Bloomberg Credit Suisse’s New Chairman to Decide If a Deal Is the Answer (Bloomberg) — The damage control work at Credit Suisse Group AG from a pair of disasters that stunned the banking world will soon give way to the question of how the 165-year-old institution will rehabilitate its business and reputation.A new chairman, Lloyds Banking Group Plc chief Antonio Horta-Osorio, arrives in three weeks, to begin the search for answers after the fiascoes involving Archegos Capital Management, a… Source link

TipRanks AI Is Booming: 2 ‘Strong Buy’ Stocks That Stand to Benefit The COVID pandemic may be receding, but it has left a mark on across multiple aspects of our lives. From mask mandates to travel restrictions, we chafe at some of the changes – but in the business world the use of artificial intelligence (AI) systems has dramatically expanded in the past year. This was probably inevitable – but AI brought advantages in coping with the pandemic for companies that could make use of it,… Source link

Pisac Peruvian Bistro, a restaurant located in Toronto’s Summerhill neighbourhood, was just five weeks old when the COVID-19 pandemic hit and it was forced to close its doors to the public. “The last year has been a rollercoaster,” Pisac founder and chef Renzo Galleno said in an interview. “If I had known what was going to happen, I probably wouldn’t have opened up a restaurant. It’s been quite a learning experience.” When Pisac initially opened last February, Galleno had no plans… Source link

Bloomberg Bitcoin Falls After Weekend Rally Pushes Token to Fresh Record (Bloomberg) — Bitcoin dropped Monday as traders eased up on stimulus-fueled bets that had powered the digital token to a fresh record over the weekend.The largest cryptocurrency slumped by as much as 9.2% before trading at $56,131 as of 1:04 p.m. in New York, after topping out at $61,742 on Saturday. Bitcoin reached its latest all-time high on optimism that some of the pandemic relief payments in the U.S. will end up… Source link

Bitcoin hit an all-time high — Here’s why Warren Buffett still won’t touch it The past year has been groundbreaking for Bitcoin. And just recently the cryptocurrency hit an all-time high: Over $61,000 for one unit — late-to-the-party investors bemoaned having missed out. So what does the world’s most famous investor think of Bitcoin? It’s “probably rat poison squared,” Warren Buffett once said. If you listen to the billionaire, cryptocurrency may not be the big financial opportunity… Source link

Apple has just made a striking new privacy move ahead of the launch of iOS 14.5. Apple has just hit out at data-collecting rivals such as Google and Facebook with the launch of a … [+] new database of privacy labels on its website. SOPA Images/LightRocket via Getty Images Apple has just hit out at data-collecting rivals such as Google and Facebook with the launch of a new database of privacy labels on its website. Apple released privacy labels for its… Source link

(Bloomberg) — U.S. Treasuries tumbled anew on Wednesday, driving long-maturity yields to their highest levels this week and pushing up inflation expectations as traders continued to price in a quicker economic rebound from the pandemic. Benchmark 10-year Treasury yields surged as much as 10.3 basis points to 1.495%, a move reminiscent of last Thursday’s startling selloff in government debt. Meanwhile, a market proxy for the anticipated annual inflation rate for the next half-decade… Source link

(Bloomberg) — After weeks of grumbling, the world’s biggest bond market spoke loud and clear Thursday — growth and inflation are moving higher. The message wreaked havoc across risk assets. Benchmark 10-year Treasury yields catapulted to the highest in more than a year at over 1.6% and traders yanked forward their opinion of how soon the Federal Reserve will be forced to tighten policy. Equities tumbled, as higher borrowing costs put pressure on soaring valuations. Even Treasury Secretary… Source link

By Simon Jessop LONDON (Reuters) – Global shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington, while tensions in the Middle East drove oil to a 13-month high. As more people are vaccinated across key markets such as the United States, and with U.S. President Joe Biden looking to pump an extra $1.9 trillion in stimulus into the economy, the so-called reflation trade has gathered steam in recent days. On… Source link

By Byron Kaye and Paresh Dave SYDNEY (Reuters) – Google’s threatened shutdown of its search engine in Australia over a proposed content licensing law would ripple across industries, saddling partners like Apple with a sudden revenue gap and retailers as varied as affordable Kmart to upmarket David Jones with a supply of potentially useless gadgets. The Alphabet Inc-owned company last month said it would likely pull its core search function from Australia if the government pushes ahead with a… Source link